The stock market supports growth, earns n187 billion

The Nigerian stock market continued its positive growth on Wednesday with the climbing on the NGX index for 0.27 percent to close at 111902.61 points.

This is an increase of 296.39 basis points against 111606.22 points exchanged on Monday.

The wave was fed by strong growth in medium and highly capitalized stocks such as MTN Nigeria, Dangote Sugar, Eti, Ondo, Wapco Nigerian Breweries, Nnfm, Okomu Oil and 31 other earnings.

The event added a significant N187 billion to the total wealth of investors, pushing the market capitalization to N70.564 trillion of N70,377 trillion of N70,377 which reported the previous day.

With today’s rebound, the return since the beginning of the year (Ytd) has risen to 8.72 percent, reflecting a positive feeling supported in large capitalization actions.

The amplitude of the market remained in a bullish territory, with 39 gainers that exceeded 28 losers, a signal of optimism of large -based investors.

An analysis of the investment showed that the learning of the LED UPL earning table with 10 % each, to close respectively to N4.51 and N5.61 per unit. The northern Nigeria flour mills followed a 9.98 percent gain to close at N130.35 per share, honey well flour added 9.95 % to close to N21.00 per unit, Omatek increased by 9.86 % to close at N0.79 per share.

On the contrary, the Academy Press exceeded the loser table, going down by 10 % to close at N4.05 per unit, Abbey Building Society marked with a loss of 9.86 % to close at N6.87 per unit, Skyavn of 9.94 % for closing at N59.80 per unit, Intamio in closing units at 9.80 percent in n. A N8.05 per unit.

The volume of the operations also increased by 102.599 million, which represented 25.05 percent while investors exchanged 512.170 million shares of the value of N17.115 billion in 16711 agreements against 409.571 million shares cost N9.869 billion of handmade the previous day in 15997 business.

Transactions in the actions of Japaul Gold Led Market Activity with 58,904 million shares of the value of N117.193 million, Fidelity Bank followed with an account of 48.221 million shares of the value of N883.584 million custed insurance insurance, exchanged 37,054 million shares. sold a total of 22.